Bitcoin Drops, while EOS, ETH Top Latest China Crypto Index

EOS [EOS] and Ethereum [ETH] have become regular features atop the monthly blockchain index released by China’s Center for Information Industry Development (CCID).

In the September release of the blockchain rankings, EOS maintain the top spot, followed by Ethereum at second position and Bitshares, a distant third.

Bitcoin Drops in Ranking

After making it to the top 10 in last month’s rankings, Bitcoin dropped to 16th position out of a total of 33 ranked projects.

As Smartereum reported, Bitcoin was listed among the top 10 blockchains in August largely due to the Lightning Network Technology which makes it rank higher for basic technology and creativity, two of the three main criteria for the ranking. The third is applicability.

Bitcoin dropped from an overall total of 101.7 points in August to 93.2 points in September losing points mainly in technology (49 pts to 41.7 pts) and (40.3 pts to 36.3 pts). At 36.3, Bitcoin remains the best-rated for innovation (creativity).

EOS still on a roll

CCID has always rated EOS highly and September brought no surprises. The project lost some points from the last rankings allowing second place ETH to close the gap between the two. It owes its high ratings to its basic technology which accounts for 65 percent of the overall score. For the past four months, EOS has topped in this area; in that four months, it has topped the general rankings.

Top 10 Rated Projects

A surprise feature in the ranking came from decentralized exchange protocol, BitShares which leaped 9 places to join EOS and ETH at the top three. While BitShares made it the top three, Stellar was notably absent from the top ten. NEO, Steem, Nebulus, GXChain, Komodo, Lisk, and Qtum completed the top ten positions.

Solomon Sunny is the market reporter for Smartereum, one of the global leaders in Ethereum, blockchain and currency news. He produces technical price updates on digital currencies and writes recent developments about blockchain.